Why is XBRL needed in the financial community? In your opinion, why did the Securities and Exchange Commission mandate its usage? What does it provide that was not available before XBRL?
What will be an ideal response?
Answers will vary! A potential solution might include a discussion of the SEC and its role in establishing a level playing field for all investors. It might also include a discussion of the efficiencies gained by the SEC.
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The object that possesses the information sought by the researcher and about which inferences are to be made is a ________
A) population B) target population C) element D) census
The interest coverage ratio equals
A) income before income taxes minus interest expense divided by income before income taxes. B) income before income taxes minus interest expense divided by interest expense. C) income before income taxes plus interest expense divided by interest expense. D) income before income taxes plus interest expense divided by total assets.
Preparing presale objectives, developing a presale presentation plan, and providing outstanding customer service are the three parts of:
A) the customer alliance B) the presale approach C) the presentation plan D) the presentation strategy E) the follow up
Recently there have been several mergers involving Big Four accounting firms. One such merger involved the firms of Arthur Young and Ernst & Whinney, who combined to form Ernst & Young. This is an example of a
A. joint venture. B. horizontal merger. C. vertical merger. D. syndicate. E. conglomerate merger.